Tether revealed a net operating profit of around $1.5 billion in the second quarter of 2026, largely driven by income from its US Treasury holdings and repo market activities. The stablecoin issuer's latest attestation from BDO confirms the strong financial footing behind its USDT supply, which climbed to nearly $184.6 billion by June's end. Maintaining over 60% of the global stablecoin market, Tether continues to solidify its leading position.
Total assets reached $187.7 billion against liabilities of $183.6 billion, leaving Tether with excess reserves close to $4.1 billion. The company’s reserve strategy remains heavily weighted toward high-quality liquid assets, with US government-backed securities forming the bulk of its portfolio. During the quarter, secured lending decreased by approximately $2.4 billion, as Tether boosted its physical gold stash by an additional 14 tons, exceeding 146 tons total. This move comes amid turbulent price swings in gold and Bitcoin, highlighting the firm’s resilience.
The user base expanded by more than 30 million worldwide as Tether advances its Big Four audit efforts and continues enhancing its technology and financial infrastructure. These developments hint at a broader push to increase transparency and operational robustness as Tether adapts to ongoing market and regulatory challenges.
USDT price showed minor fluctuations after the report, reflecting steady market confidence.
